Thursday, September 20, 2007

Nortel's ponders future, supports pan-European telecom regulator

Nortel Networks in a statement today dismissed talks of a mega-merger but still left the doors open for further acquisitions. The telecoms equipment manufacturer has been plagued with fraud and financial irregularities but continues to do brisk business in the largest emerging market. Nortel also announced the completion of a 40 Gbps-ready (OC-768) optical network between Stockholm and Helsinki for RASCOM, a Russian international carrier. More